How are fees calculated for Even Hotels if the local currency is not United States Dollars?

According to Even Hotels' 2025 Franchise Disclosure Document, when the local currency is not United States Dollars, the fees owed by the hotel in the local currency will be based on the conversion of the local currency to United States Dollars. This conversion will be based on the currency conversion practices that are used for payments under the Hotel Agreement.

This means that if an Even Hotels franchise is located in a country that does not use United States Dollars, the fees will still be calculated in United States Dollars, but will be converted to the local currency for payment. The specific exchange rate and conversion practices used will be those outlined in the Hotel Agreement, which is a separate agreement between the franchisee and Even Hotels.

For a prospective franchisee, this implies that the actual amount of fees paid in local currency may fluctuate based on currency exchange rates. It is important to carefully review the Hotel Agreement to understand the specific currency conversion practices that will be used, as these practices can impact the final cost of the franchise. Franchisees should also consider the potential impact of currency fluctuations on their overall profitability and budget accordingly.